Tex. Occ. Code § 2028.204 · Subchapter E. DISTRIBUTION OF SIMULCAST PARI-MUTUEL POOLS
ALLOCATION OF MONEY IN ESCROW ACCOUNTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A greyhound racetrack association shall deposit into an escrow account in the commission's registry the purse set aside under Section 2028.202(b)(4).
(b) Any horse racetrack association in this state may apply to the commission for receipt of money in the horse industry escrow account for use as purses. Any state horse breed registry listed in Section 2030.002(a) may apply for receipt of money in the account for any event that furthers the horse industry. The commission:
(1) shall determine the horse racetrack associations and state horse breed registries to be allocated money from the account and the percentages to be allocated, taking into consideration purse levels, racing opportunities, and the financial status of the requesting racetrack association or requesting breed registry; and
(2) may not annually allocate more than 70 percent of the amount deposited into the account to horse racetrack associations for use as purses.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 1365 (H.B. 2463), Sec. 3, eff. September 1, 2019.
Acts 2019, 86th Leg., R.S., Ch. 1365 (H.B. 2463), Sec. 4, eff. September 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2028.htm
- Text hash
- sha256 b0422bde907db2faa24b2729a9ba97ad71c88f99e8e29112a43e370f99d1a593
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 5 provisions
Provisions in this library whose text cites Tex. Occ. Code § 2028.204. Each shows the citation as that text prints it.
Occupations Code
- Tex. Occ. Code § 2028.202REQUIRED DISTRIBUTIONS.Printed as Section 2028.204
- Tex. Occ. Code § 2028.2041ALLOCATION OF CERTAIN FUNDS.Printed as Section 2028.204 | Section 2028.204(b)
- Tex. Occ. Code § 2028.205ADDITIONAL ALLOCATIONS FOR CERTAIN RACETRACKS.Printed as Section 2028.204
- Tex. Occ. Code § 2031.004TEXAS DERBY ESCROW PURSE FUND.Printed as Section 2028.204
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.